Entergy Corporation (ETR) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.22. Analysts expectations of $2972.35 million. During the same quarter in the previous year, the company posted $1.68 EPS.
Many Wall Street Analysts have commented on Entergy Corporation. Entergy Corporation was Downgraded by BofA/Merrill to ” Neutral” on Apr 12, 2016. Company shares were Reiterated by Jefferies on Apr 11, 2016 to “Hold”, Firm has raised the Price Target to $ 82.50 from a previous price target of $75.50 .Entergy Corporation was Upgraded by Goldman to ” Buy” on Apr 1, 2016.
Entergy Corporation opened for trading at $73.83 and hit $74.61 on the upside on Friday, eventually ending the session at $74.35, with a gain of 1.14% or 0.84 points. The heightened volatility saw the trading volume jump to 14,63,562 shares. Company has a market cap of $13,271 M.
In a different news, on Feb 24, 2016, Kimberly H Despeaux (Senior Vice President) sold 3,100 shares at $73.83 per share price. According to the SEC, on Jan 27, 2016, William M Mohl (President – EWCB) sold 4,974 shares at $69.50 per share price. On May 19, 2015, Donald W Vinci (SVP, Human Resources & CDO) sold 2,100 shares at $75.24 per share price, according to the Form-4 filing with the securities and exchange commission.
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30000 megawatts of aggregate electric generating capacity including approximately 10000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation transmission distribution and sale of electric power to retail and wholesale customers in areas of Arkansas Mississippi Texas and Louisiana including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.